sp'60min
Summary
Obviously, if we break <1830..we're going to see another 10/12pt drop later today...which, considering the jobs number, would be somewhat understandable.
However, even if we do see a little washout, the broader outlook remains unchanged, with an upside target of 1860/80.
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A stock I've not mentioned, but one that has had the biggest two day ramp..I've probably ever seen...
ICPT.
There has been some kind of 'good medical/health product news'..plus, now takeover talk..with some suggesting upside to 700/800..even 1000. I've no idea about the real fundamentals, as I don't follow the company. A few retail traders must have had a good week in that one..even those who were chasing it higher yesterday are up 50% or so.
11.14am.. For those closely watching...hourly bollinger bands are now extraordinarily tight after the last 3 solid days of minor chop..a mere 7pt range from upper to lower bol.
Based on the price action...and the bigger cycles..I'd have to guess we break to the upside. Worse case..I'm wrong, with downside of barely 1%.
Notable mover: UAL, +4.1% in the $45s...and the $48s remain primary target.